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GOLD AND CRUDE OUTLOOK: 17-04-2017

GOLD AND CRUDE OUTLOOK: 17-04-2017
April 17
17:07 2017

CRUDE

Crude Oil is looking strong and it is all set to move above $55 in the near term.  It has support at $52.65 per barrel and having immediate resistance at $54.30 per barrel.

GOLD

The ongoing geo-political tensions and weak currencies helped the yellow metal to recover from the lower levels.  Gold has immediate resistances at $1295.83 and $1300.00 per troy ounce.  Even though the yellow metal is bullish in nature higher level sustainability is too low.

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ALEX MATHEWS

ALEX MATHEWS

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